Old Mill is a quiet locality in New South Wales within the Inverell local government area (postcode 2369). With a population of 16, the suburb has an established demographic with a median age of 40. Households earn a median income of $47K per year, with an average household size of 2.3 people. The top ancestries reported are Australian, Irish.
The median house price in Old Mill is $596,000, having surged 9061.5% over the past year. The median weekly rent is $210 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,907.
Public transport access includes 2 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Old Mill offers a gross rental yield of 1.8%, rated as low yield. Property prices sit below the state median ($596K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved +9061.5% year-on-year.
Old Mill is a quiet locality in New South Wales within the Inverell local government area (postcode 2369). With a population of 16, the suburb has an established demographic with a median age of 40. Households earn a median income of $47K per year, with an average household size of 2.3 people. The top ancestries reported are Australian, Irish.
The median house price in Old Mill is $596,000, having surged 9061.5% over the past year. The median weekly rent is $210 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,907.
Public transport access includes 2 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Old Mill offers a gross rental yield of 1.8%, rated as low yield. Property prices sit below the state median ($596K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved +9061.5% year-on-year.